Trading Ideas
Coronavirus: AstraZeneca ready to supply potential vaccine in September
AstraZeneca has agreed deals to deliver at least 400 million doses of the vaccine, providing it works. …read more […]
Year: 2020
Business News
SoftBank to sell $3.1 billion worth of Japan telco unit stake
SoftBank Group Corp said it plans to sell 5% of its domestic telco SoftBank Corp , currently worth $3.1 billion, as part of a programme to raise $41 billion through asset sales.
Business News
Lufthansa closes in on $10 billion state rescue deal
Lufthansa is in advanced talks over a 9 billion euros ($9.9 billion) state bailout that would see Germany take a 20% stake in its flagship airline, as countries battle to save an aviation industry hammered by the coronavirus pandemic.
Business News
Softbank says it will sell 5% of domestic telco
SoftBank Group Corp said it plans to sell 5% of its domestic telco SoftBank Corp as part of its plan to raise $41 billion through asset sales.
Trading Ideas
AstraZeneca gets first supply deals for COVID vaccine, eyes late stage trials
There are currently no approved treatments or vaccines for COVID-19, the disease caused by the new coronavirus, with governments, drugmakers and researchers working on around 100 vaccine programs. AstraZeneca also said it had received more than $1 billion from the U.S. Biomedical Advanced Research and Development Authority for development, production and delivery of the potential vaccine. It said results from an early stage clinical trail in southern England were expected shortly and, if positive, would lead to late stage trials in a number of countries. …read more […]
Business News
JPMorgan plans to hire a dozen research analysts for China brokerage: sources
JPMorgan Chase & Co plans to hire at least 12 equity research analysts in China this year, two people with knowledge of the matter said, in its first major mainland hiring push as it takes advantage of eased ownership rules for financial firms.
Business News
Oil prices rise to highest since March after U.S. stock drawdown
Oil prices rose on Thursday to their highest since March, as a drawdown of U.S. crude inventories and output cuts by major producers helped ease concerns about a supply glut, offsetting fears over the economic fallout from the COVID-19 epidemic.
Business News
Asia shares tread lightly, await China policy meeting
Asian shares and Wall Street futures stepped back on Thursday as resurgent concerns about the long-term impact of the coronavirus outbreak offset some of this week’s earlier enthusiasm about economies re-opening.
Business News
Wanted: New head of WTO. Must thrive under global pressure and conflict
Against the backdrop of a global pandemic, steep recession, intensifying U.S-China tensions and rising protectionism, the WTO needs to name a leader. Only the resilient should apply.
Trading Ideas
Stock Futures Slip With Worsening U.S.-China Rift: Markets Wrap
(Bloomberg) — U.S. and European futures retreated and the dollar advanced with Treasuries as deteriorating Sino-American ties cast a cloud over the recent rally in risk assets.Asian shares also dipped, in thin trading Thursday. China’s offshore yuan held steady despite the greenback’s gains, on the eve of the biggest Chinese political gathering of the year. The U.S. Senate passed a bill that could bar some Chinese companies from listing on American exchanges, while President Donald Trump tweeted criticism of China’s leadership. Elsewhere, crude oil saw modest gains.Investors have been whipsawed by conflicting news regarding a possible vaccine for the virus, …read more […]
Trading Ideas
Intel Snaps Up Killer Gaming Cards With Savvy Rivet Deal
Intel (INTC) has announced that it is acquiring Rivet Networks, a leader in software and cloud-based technologies for networking connectivity. This includes the popular “Killer” line of gaming networking cards.Intel and Rivet Networks have now partnered to build the Killer AX1650 Wi-Fi solution, which Intel says will deliver immersive entertainment and gaming experiences along with powerful Wi-Fi 6 technology.According to Intel, Rivet Networks’ capabilities, including its software, are complementary to Intel’s wireless products and capabilities.“Rivet Networks’ products deliver speed, intelligence and control for gamers and performance users. Its products maximize Wi-Fi bandwidth utilization and optimize the wireless network connection on …read more […]
Trading Ideas
Oil prices climb as U.S. stock drawdown eases supply glut fears
Oil prices advanced on Thursday as a drawdown of U.S. crude inventories and output cuts by major producers helped ease concerns about a supply glut, though lingering fears over the global economic fallout from the COVID-19 pandemic capped gains. Brent crude futures for July delivery were trading up 33 cents, or 0.9%, at $36.08 per barrel at 0344 GMT, rising for a second day. U.S. West Texas Intermediate (WTI) crude futures for July were up 20 cents, or 0.6%, at $33.69 a barrel, extending its gains into a sixth straight session. …read more […]
Business News
Exclusive: Schlumberger names new top executives to oversee corporate overhaul
Schlumberger, the world’s largest oilfield services firm, will reshuffle top executives and operations in coming months to deal with this year’s historic decline in the oil industry, according to a memo to employees.
Business News
Backlogs, second wave of layoffs keeping U.S. weekly jobless claims high
Millions more Americans likely filed for unemployment benefits last week as backlogs continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in May.
Business News
Asia shares temper rally, await China policy meeting
Asian shares stepped back slightly and U.S. stock futures fell on Thursday as lingering caution about the long-term impact of the coronavirus outbreak offset some of this week’s enthusiasm over re-opening of economies.